• a Story of Leadership
Total Page:16
File Type:pdf, Size:1020Kb
ANNUAL REPORT TELLS .. • A Story of Leadership #•» f- i— r% A r* NEWS BRIEFS Headlight MAY, 1964 Vol. 25 No. 4 NEW YORK CENTRAL CARLOADINGS ... Printed in U.S.A. for the month of March totaled 244,177, an increase of 2,890 (or 1.2 per cent) from March a year ago. In the three-month period from January 1st to IN THIS ISSUE March 31, 1964, New York Central carloading totals climbed to 713,363, an increase of 20,601. The three- NEWS BRIEFS 2 month total is an increase of three per cent over the A STORY OF LEADERSHIP .... 3 same three-month period in 1964. Significant strides made by the New York Central System are presented in • • • annual report for 1963 ANNUAL REPORT TELE CENTRAL & CENTREX .... 5 INCREASE IN NET INCOME ... Two new networks will provide Com• for the first quarter of 1964 is $1,035,176 (or 16 cents pany personnel and customers with per share), the New York Central has announced. faster, better service During the same quarter last year, the Central had a PROMOTIONS 7 loss of $7,887,122. This year's quarterly earnings represent an improvement of $1.36 per share. HEADLIGHT HILITES 8 A STORY OF LEADERSHIP Alfred E. Perlman, President of Central, reported APPLIED RESEARCH—(PART III) . H that revenue during the first quarter of 1964 brought in New York Central tells of New York Central's strong eco• port were mailed recently to share- nomic position in several marketing owners of the Company. $119,861,917, an increase of $7,041,304, or 6.2 per cent. RECENTLY RETIRED 13 several major successes areas is graphically spotlighted in the The report was produced jointly by Mr. Perlman also reported that even with the Company's 1963 annual report. the Secretary's Office and the Public increased traffic, operating expenses decreased NORMAN M. STONE A colorful picture of a New York Relations Department. in 1963 business year. $551,582, or 0.4 per cent. Manager, Publications & Advertising Central tri-level auto train—complete A highlight of the report was the with four diesel power units—adorns announcement that New York Central GEORGE ROHOT the cover. The original painting is by is now the world's leading transporter • • • Editor Howard Fogg, veteran painter of rail• of assembled automobiles. SPENDING OF U.S. RAILROADS ... road scenes. Copies of the annual re• According to the report, the total for fuel, material and supplies rose to $1,401,424,000 EDITORIAL ASSOCIATES in 1963, according to the Association of American John E. Salter, Syracuse; Railroads. The total expenditure—largest annual Harry B. Spurrier, Chicago; spending increase in the past five years—is an Donald A. Newman, Cleve• increase of seven per cent over 1962, when land; Farwell C. Rhodes, Jr., $1,311,293,000 was spent. Indianapolis; Robert W. Schu- ette, Boston,- Fred A. Huber, • • • Jr., Detroit BILL CURBING SEAWAY PROMOTION... HEADLIGHT is published by the New York Central System for its active and retired has been introduced by Senator I. Glenn Beall (R-Md.). employes and their families. All commu• The bill (S.2641) would prohibit the St. Lawrence nications should he addressed to the HEADLIGHT editorial office: Room 1446, 466 seaway Development Corporation from "engaging Lexington Ave., New York 17, N. Y. Mem• in publicity or promotional activities such as free ber: American Railway Magazine Editors Association, House Magazine Institute, or paid advertising; solicitations of cargoes; and International Council of Industrial Editors. publication of ocean, rail, port, or motor carrier rate or service comparisons." Senator Beall said the practice ON THE COVER: The pretty young of using taxpayers' dollars to promote inland ports lady who graces the cover of this issue of HEADLIGHT is Anne Regina Sever• at the expense of coastal ports "is contrary to the ance, secretary to New York Central's national interest." Freight Sales Manager Joseph D. • • • Boylan. Anne, 21 and a resident of RAILROAD PASSENGER TRAVEL ... Irvington, N. Y., works at 466 Lex• ington Ave., New York City. She is last year was equivalent to a 98-mile trip for every using the New York District Direc• person in the United States. Stated differently, tory, one of seven published for the railroads in 1963 produced approximately 18.5 billion new System-wide Tele Central—Data passenger-miles of service. This is equal to carrying Central network. For more on New 15,540 people from New York to San Francisco York Central's new communications facility, turn to page 5. every day of the year. NEW CARS COME DOWN RAMP OF TRI-LEVEL CARRIERS AT AUTOMOBILE UNLOADING FACILITY AT RIDGEFIELD, N.J. 2 New York Central Headlight May, 1964 TELECENTRAL will be handled through two switching centers. Sketch shows N.Y. Central facilities to be handled by each center. FLEXI-VAN OPERATIONS HAVE BECOME IMPORTANT REVENUE PRODUCERS FOR CENTRAL COMMUNICATION DEPARTMENT ANNOUNCES figure — an increase of 38 per cent programs during the year." niques Central has employed to tap over 1963 — brought in a gross rev• "Revenue ton-miles reached the huge new markets which have enue of $18 million. highest level in six years, expenses brought in $65 million worth of new The use of Flexi-Van, New York were cut nearly $5 million, and the business. Theme of the section is that Tele Central and Centrex Central's highly versatile rail-high• operating ratio of 83.03 was the low• "Central's marketing techniques will way-water container, increased — 24 est since 1956," he reported. reverse the traffic erosion experienced per cent over the preceding year. The Mr. Perlman noted that "the Com• during the past several decades." Communications on the New York report states that a total of 94,600 pany passed a milestone of the Second Two new network systems will bring to Central Central will reach another significant Flexi-Vans were handled. Gross rev• Industrial Revolution last year when Electronic Message Center employees the best in communications facilities milestone June 6th when the Tele enue from Flexi-Van was more than it completed the railroad industry's "Electronics: a new technology," is Central and Centrex systems are put $28 million, the report said. first fully automatic electronic mes• the title of the second section. This into operation. employee will first dial "8", get dial sage center." section describes the Company's new Tele Central is an impressive sys• tone, then dial three routing numbers Coal Figures Cited In New York City, revenue from electronic message center installed in tem-wide communications network followed by the extension number of The New York Central System redevelopment of Central's real estate New York City during 1963. The that will bring desk-to-desk dialing of the person being called. The three transported a total of 873,942 car• along Park Avenue reached an all- section tells how "the technology of between New York Central's 10,352 routing digits will always be the loads of coal last year. This was an time high of $6.9 million during 1963. electronics is opening the way for a extensions in 406 cities. Installation same, regardless of where the call increase of 14,738 carloads over 1962. During 1963, net debt reduction complete transformation of railroad of the Centrex system will coincide originates. Contributing to this increase, the re• amounted to $36.7 million, he stated. operations." with that of Tele Central but pertains For example, an employee in De• port pointed out, were the more than "One fourth of our fixed debt has been Mr. Perlman stated in conclusion of only to the 466 Lexington-Grand Cen• troit Indianapolis or Chicago who is 250 unit coal trains loaded at mines paid off during the last six years, an his message that "the $423-million in• tral area in New York City. calling Extension 2730 in New York on the Central's lines during 1963. amount equivalent to approximately vestment in physical improvements Personnel from New York Central's City would dial "8-221-2730." The "8" Alfred E. Perlman, President of $40 per share of common stock," accomplished since 1954 has given Communications Department and tel• takes the call to the switching center, the Central System, told the Com• Mr. Perlman said. Central the ability to produce mass ephone company employees have been the "221" routes the call to New York pany's shareowners that the 1963 net Two important and special sections transportation more efficiently. The working on the project for the past City, and the "2730" will ring the income ($7,039,843) resulted from are featured in the report. "Market• Company is now in a favorable posi• year, installing new electronic equip• extension. "increased operating efficiency, cost ing: a new philosophy" is the title of tion to produce greater net income ment and facilities to provide the re• Additional details of calling pro• controls, and new marketing and sales the first section. It describes tech• from increased tonnage." quired large number of high quality cedures and routing numbers will be telephone circuits. furnished Central employees in the NEW SWITCHBOARD in New York is the TRANSPORTATION of coal by New York Central REDEVELOPMENT of New York Central's important and valuable real estate on Seven different telephone directo• near future. was increased by unit trains loaded at the mines. Park Avenue in New York City brought in all-time high revenue for the Company. ries have been prepared and will be 608B Centrex board. Company operators Tele Central calls to non-Company distributed before the new communi• on duty are, from left, Mrs. Josephine Gagli- numbers will be made by dialing the cations systems go into operation.